Tuffli Company Acquires Industrial Asset At 2575 Broadway In Buffalo For $3.69M

The transaction involves an industrial asset located at 2575 Broadway in Buffalo, with a sale price of $3,690,000. The property spans 24,400 square feet, resulting in a price per square foot of $151.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,690,000
• Buyer: Tuffli Company
• Buyer's Representative: Perry Wickens
• Seller: Iskalo Development
• Broker: Joel Cukier
• Broker Agency: NorthMarq
• Market: Buffalo
• Square Footage: 24,400
• Price per Square Foot: $151

Joel Cukier from NorthMarq highlighted the strong demand for single tenant Net Lease industrial assets, indicating that this opportunity attracted more than 10 qualified offers, which reflects robust investor interest in this asset class.